Senior FinOps Financial Analyst in Worcester, Massachusetts at UMass Memorial Health

Description:

Are you an internal caregiver, student, or contingent worker/agency worker at UMass Memorial Health? CLICK HERE to apply through your Workday account.

Exemption Status:
Exempt

Hiring Range:
$68,369.60 - $123,073.60
Please note that the final offer may vary within this range based on a candidate’s experience, skills, qualifications, and internal equity considerations.

Schedule Details:
Monday through Friday

Scheduled Hours:
9a - 5p

Shift:
1 - Day Shift, 8 Hours (United States of America)

Hours:
40

Cost Center:
99940 - 5947 IS Business Ops

This position may have a signing bonus available a member of the Recruitment Team will confirm eligibility during the interview process.

Everyone Is a Caregiver

At UMass Memorial Health, everyone is a caregiver – regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 20,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day.

The Senior FinOps Financial Analyst supports enterprise budgeting and forecasting while leading cloud financial management activities, including cost forecasting, billing accuracy, and optimization. The role provides advanced financial analysis and modeling, develops dashboards for cloud cost transparency, and partners with IS and Finance leaders to promote accountability and efficient cloud spending. Additional responsibilities include variance analysis, reporting, budget preparation, and mentoring junior analysts.

I. Major Responsibilities
1. Leads FinOps forecasting activities, including predictive analytics, cloud usage modeling, and total cost of ownership (TCO) analysis to support quarterly and annual planning.
2. Implements FinOps billing practices such as usage metering, chargeback/showback reporting, cost allocation modeling, and validation of cloud billing accuracy.
3. Executes FinOps optimization strategies, including rightsizing, reservation planning, and identifying cost efficiency opportunities aligned with the FinOps Foundation phases: Inform, Optimize, Operate.
4. Leverages dashboards and reporting for cloud cost transparency using Azure Cost Management tools or equivalent platforms.
5. Partners with IS, Finance, and operational leaders to promote cloud cost accountability, governance, and continuous improvement in cloud financial management.
6. Supports and works with customers, managers, vice presidents, and administrators to proactively understand financial needs; provides training on financial systems and reports.
7. Develops strong working knowledge of forecasting/budgeting software; may assist with system QA, testing, and maintenance.
8. Performs ad hoc and routine variance analysis and audits; collaborates to develop corrective actions to meet financial targets.
9. Obtains data from financial systems; designs, prepares, and reviews scheduled and ad hoc reports for presentation and ongoing evaluation.
10. Identifies forecasting assumptions, prepares annual operating plans, and reconciles data across multiple financial systems.
11. Participates in committees and work teams related to the budget process; may assist with feasibility studies, market analysis, and business plans.
12. Trains and mentors Financial Analysts.
13. May manage external contracts and revenues, including contract analysis, income review, funding, grants, cash collection, and invoicing.
14. May process DEFAs and change forms; coordinates compensation related activities and may oversee departmental purchasing and payables.
15. Complies with departmental policies, attends required meetings, demonstrates quality improvement, and maintains a respectful, inclusive environment.
16. Performs other similar and related duties as required.
.
II. Position Qualifications:
License/Certification/Education:
Required:
1. Bachelor’s degree in Finance, Accounting, Math, Data Science, Economics, Healthcare Administration, or related field.

Preferred:
1. MBA in Finance.

Experience/Skills:
Required:
1. Minimum of 2 years of directly relevant finance experience.
2. Strong understanding of financial management concepts and ability to support development of financial plans.
3. Familiarity with accounting principles and financial statements.
4. Advanced proficiency with Microsoft Office Suite, including Excel modeling.
5. Excellent analytical, interpersonal, and communication skills; ability to work with non financial managers and manage multiple projects.
6. Experience with cloud cost management or FinOps practices, including FinOps forecasting, FinOps billing, and FinOps optimization.
7. Familiarity with cloud financial tools such as Azure Cost Management or similar platforms.
8. Understanding of cloud usage metering, cost allocation, and chargeback/showback models.

Preferred:
1. Familiarity with hospital or healthcare delivery systems, financial forecasting, and budgeting.
2. Comprehensive working knowledge of computer based financial/forecasting/budgeting techniques.
3. FinOps Certified Practitioner or equivalent cloud financial management certification.
4. Experience supporting cloud governance, cloud cost optimization, or IS operational budgeting.
5. Experience with cloud platforms or cloud reporting tools.

Unless certification, licensure or registration is required, an equivalent combination of education and experience which provides proficiency in the areas of responsibility listed in this description may be substituted for the above requirements.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

We’re striving to make respect a part of everything we do at UMass Memorial Health – for our patients, our community and each other. Our six Standards of Respect are: Acknowledge, Listen, Communicate, Be Responsive, Be a Team Player and Be Kind. If you share these Standards of Respect, we hope you will join our team and help us make respect our standard for everyone, every day.

As an equal opportunity and affirmative action employer, UMass Memorial Health recognizes the power of a diverse community and encourages applications from individuals with varied experiences, perspectives and backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, protected veteran status or other status protected by law.

If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentacquisition@umassmemorial.org. We will make every effort to respond to your request for disability assistance as soon as possible.

About Us:

At UMass Memorial Health, everyone is a caregiver. No matter their responsibilities or title, every employee or "caregiver" fills an important role for our patients and their families every day. Who is a caregiver? It's not just the person who delivers the care. It's all the people who make it work ... and make it better. Caregivers give everything that helps patients heal, from expertise to extra attention. They give clean, comfortable rooms. Fast, accurate answers. And an easier, less stressful experience. They give warm, reassuring smiles, and helping hands. We are more than 16,000 employees, working together as one health system in a relentless pursuit of healing for our patients, our community and each other. And everyone, in their own unique way, plays an important part, every day.